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A-LevelEconomicsThe macroeconomy9708/12 · May/June 2023 · Q201 Mark

What is used to convert nominal GDP to real GDP?

Aexchange rates
Bchanges in the price level
Cinterest rates
Dtaxation

✓ Correct answer

B: changes in the price level

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, May/June 2023 Paper 1 Variant 2, question 20.

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